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Ripple’s stablecoin RLUSD is drawing attention from major players in traditional finance, particularly as Bank of America steps up its interest in launching a regulated, dollar-backed digital currency. With strong institutional infrastructure and regulatory credentials, RLUSD is now being seen as a top contender in the U.S. stablecoin race.
Bank of America’s Stablecoin Strategy Takes Shape
During a public discussion on July 16, 2025, Bank of America CEO Brian Moynihan confirmed that the institution is actively evaluating its position in the stablecoin sector. While no final product has been introduced yet, Moynihan stated that the bank has been conducting in-depth research internally and is waiting on further regulatory clarity before proceeding with any launch.
However, instead of building a stablecoin from scratch, analysts and crypto insiders believe that partnering with or adopting an existing, regulation-ready stablecoin could be the bank’s next step.
Among the most likely candidates is Ripple’s RLUSD—a stablecoin built with institutional use in mind and created under the supervision of the New York Department of Financial Services (NYDFS). It is currently managed in partnership with BNY Mellon, offering bank-grade custodial services and cross-chain functionality across both the XRP Ledger and Ethereum.
Why RLUSD Is Emerging as a Strong Contender
Industry analyst Paul Barron recently highlighted RLUSD’s strong regulatory position and institutional adoption as key factors that make it appealing for a large bank like Bank of America. The token has grown more than 30% in value over the past month, surpassing $500 million in circulation—a sign of increasing demand.
What sets RLUSD apart is its regulatory-first approach. Created in New York, the stablecoin adheres to one of the most stringent digital asset compliance frameworks in the U.S. This structure aligns closely with Bank of America’s cautious stance toward digital assets, making RLUSD a natural fit.
Its dual-chain interoperability also makes it attractive for financial institutions looking to operate across different blockchains. By leveraging both the XRP Ledger and Ethereum, RLUSD provides flexibility for use in a variety of digital finance applications, from international payments to tokenized asset settlements.
Ripple’s Connection to Bank of America Runs Deep
The growing interest in RLUSD isn’t solely based on its technical design or regulatory compliance. For years, Ripple has maintained a quiet but consistent relationship with Bank of America. Since at least 2019, the bank has referenced Ripple’s distributed ledger technology in patents and internal memos tied to interbank settlements.
Past reports even suggest that Bank of America has used XRP in internal pilot programs focused on improving liquidity management and reducing cross-border transaction costs.
Now that stablecoins are being taken more seriously by banks, Ripple’s history of working with major financial institutions gives RLUSD a significant edge. The stablecoin is already integrated into Ripple’s global payment network, which includes partnerships with major institutions like American Express and Banco Santander.
The Broader Stablecoin Landscape
Bank of America isn’t the only U.S. financial giant considering stablecoins. JPMorgan continues to build on its existing JPM Coin and has indicated plans for broader usage within corporate treasury operations. Citigroup has also hinted at introducing its own branded stablecoin alongside efforts in tokenized deposits and digital asset custody.
With the signing of the GENIUS Act—a federal bill designed to provide a clear legal framework for stablecoin issuance and usage—banks now have a green light to move forward with compliant products.
This legislative backing may accelerate the integration of stablecoins in traditional banking operations. RLUSD, which was designed from the ground up with compliance and interoperability in mind, is now well-positioned to benefit from this regulatory shift.
What Comes Next
As regulatory clarity continues to improve, and traditional finance institutions seek reliable entry points into the digital asset space, RLUSD stands out as one of the most well-prepared stablecoins on the market.
If Bank of America does opt for an existing stablecoin rather than building its own, RLUSD’s track record, legal structure, and industry partnerships make it a strong candidate for adoption. While nothing is confirmed yet, the alignment between Ripple’s offering and the bank’s compliance-first strategy is hard to ignore.
With major players like JPMorgan and Citi also entering the space, the stablecoin race is heating up. However, Ripple’s RLUSD appears to have a head start—especially with the potential support of one of the largest banks in the United States.
